707 5th St NWahpetonND58075
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Wahpeton at 707 5th St N, Wahpeton, ND, 58075 offers a 11.17% rental yield on a $187,000 purchase with $1,740/mo rent. Total monthly income registers $1,740/mo, and a $915/mo payment leaves $602/mo available for distribution. Annual cash flow reaches $7,226/yr on $61,991 to close, and return on cash invested stands at 31.57% in year one. Equity gained on principal adds $1,207/yr while 5% annual appreciation supports $51,665 over five years. Portfolio math shows five-year ROI at 165.29% and total cumulative return in cash at $102,462. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,740/mo property income against a $915/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58075, Wahpeton, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,267 (100%) |
| Owner Occupied HU | 2,312 (54.2%) |
| Renter Occupied HU | 1,495 (35.0%) |
| Vacant Housing Units | 460 (10.8%) |
| Median Home Value | $178,105 |
| Average Home Value | $223,671 |
Housing Distribution
Address Breakdown
Residential
3,992
Single Family
2,858
Multi-Family
1,134
Businesses
373
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Listed by: John Good • Lakes Family Real Estate/Otter Tail Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6764724